Config Option - DefaultFinanceChargeRate

Overview

Updated 08/04/2021

The DefaultFinanceChargeRate property sets the default value for the finance charge rate that can be applied to an invoice billing amount.

DefaultFinanceChargeRate properties

Admin Tools location:	Config Option > Supplier > EmployerSetting
Default	0
Valid values:	Numeric value with up to two decimal places that represents the finance rate.
Where the setting is reflected...	The Increase Finance Charges field on the Billing Setup page (Customer section > Billing Setup). The rate also appears on the statement letter sent to the customer.